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CAPREIT Announces Election of Trustees

T.CAR.UN

TORONTO, ONTARIO--(Marketwired - May 25, 2016) -

Canadian Apartment Properties Real Estate Investment Trust (TSX:CAR.UN) ("CAPREIT") announced today that, at its Annual and Special Meeting of Unitholders held today, all of the nominees for election as trustees of CAPREIT referred to in its management information circular dated March 31, 2016 were elected as trustees by a vote by show of hands. Had a ballot vote been undertaken, based solely upon the proxies received by CAPREIT, the voting results for the election of the trustees would have been as follows:

         
  Votes % Votes Votes % Votes
Nominee For For Withheld Withheld
Harold Burke 79,185,030 99.62% 229,616 0.38%
David Ehrlich 72,403,220 91.09% 7,080,026 8.91%
Paul Harris 76,103,689 95.75% 3,379,557 4.25%
Edwin Hawken 78,612,142 98.90% 871,104 1.10%
Thomas Schwartz 77,027,248 96.91% 2,455,998 3.09%
David Sloan 79,346,853 99.83% 137,893 0.17%
Michael Stein 73,598,783 92.60% 5,884,462 7.40%
Stanley Swartzman 75,825,208 95.40% 3,658,037 4.60%
Elaine Todres 78,839,359 99.19% 643,887 0.81%
         

About CAPREIT

As one of Canada's largest residential landlords, CAPREIT is a growth-oriented investment trust owning interests in 47,758 residential units, comprised of 41,315 residential suites and 31 manufactured home communities comprising 6,443 land lease sites located in and near major urban centres across Canada. For more information about CAPREIT, its business and its investment highlights, please refer to our website at www.caprent.com or www.capreit.net and our public disclosure, which can be found under our profile at www.sedar.com.

CAPREIT
Mr. Michael Stein
Chairman
(416) 861-5788

CAPREIT
Mr. Thomas Schwartz
President & CEO
(416) 861-9404

CAPREIT
Mr. Scott Cryer
Chief Financial Officer
(416) 861-5771



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